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Gold Prices Soar This Morning (8/4), Supported by a Temporary US-Iran Standoff
Gold prices continue to rise as the market reassesses short-term risks after U.S. President Donald Trump agreed to suspend the bombing and attacks on Iran for two weeks, easing concerns about an immediate escalation.
On Wednesday (8/4/2026) at 06.30 WIB, the spot gold price rose 1.3% to US$ 4.765,59 per troy ounce, after rising 1.2% in the previous session.
Meanwhile, the June 2026 gold futures contract rose 2.3% to US$ 4.793,20 per troy ounce.
Support for gold prices comes after Trump said he has agreed to suspend the bombing and attacks for two weeks, and the United States has received a 10-point proposal from Iran that he described as a viable basis for negotiations.
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